Commenting on Bank Negara Malaysias BNM Monetary Policy Committee MPC meeting today and tomorrow Ahmed Razman reckons that BNM will increase another 25 basis points to 25 per cent. In my opinion BNM will increase another 25 basis points so the overnight policy rate OPR will be 250 per cent to counter the rising inflation rate.
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The ringgit opened lower against the US dollar on Monday Aug 22 extending its losses last week as more investors shifted their focus towards the safe-haven currency on the possibility of another rate hike by the US Federal Reserve Fed dealers saidAt 915am the local currency stood at 448304860 against the greenback from.
. KUALA LUMPUR Aug 22.
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